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A comment on FDIC Establishes Signature Bridge Bank, N.A., As Successor to Signature Bank. Parent comment

Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by lmm on Sunday March 12, 2023 @09:21PM (#35129364)
It's not allowing the bank to continue to operate under its current owners. Equity holders are likely getting zeroed and debt holders are likely taking a haircut. It's deposit insurance, not a bailout (at least in the sense of how the term is normally used), and where the money is coming from is irrelevant to that.
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Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by pishpash on Sunday March 12, 2023 @09:53PM (#35129714)
Those are not the terms of the BTFP. Nowhere does it say that to access this facility you must go under FDIC receivership and wipe out stockholders and bondholders.
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